Pensioner bondholders threaten to resume picketing over defaulted payments

May 8, 2023
Pensioner bondholders threaten to resume picketing over defaulted payments
Pensioners

Pensioner bondholders, who were excluded from the government's (DDEP), have issued a two-week deadline for the government to pay the coupon rates on matured bonds. They claim that the government has defaulted on the payment of the yields.

The had previously promised to honour coupon rates on matured bondholders who did not participate in the DDEP.

However, despite this assurance, some bondholders have reported that they are yet to receive payment of coupons and principals on their investments.

In an interview with Joy Business, Dr Adu Anane Antwi, the Convener of the Pensioner Bondholders Forum and a former Director-General of the Securities and Exchange Commission stated that affected persons will resume picketing if the government fails to honour the claim.

He lamented that the government has failed to keep its promise and emphasized that it will not allow the anomaly to continue.

“We think that we will not allow it to continue and that's why we are saying if by the 21st all these anomalies are not resolved for us to return to normalcy and get our coupons and principals as and when they are due, then we will resume our picketing,” he added.

Latest from Business